Hess (NYSE:HES) Stock Rating Reaffirmed by Barclays

Barclays reaffirmed their hold rating on shares of Hess (NYSE:HES) in a research note released on Monday, January 8th. The firm currently has a $49.00 price objective on the oil and gas producer’s stock.

Other research analysts also recently issued research reports about the stock. Zacks Investment Research upgraded shares of Hess from a hold rating to a buy rating and set a $53.00 price target on the stock in a research report on Thursday, November 9th. Scotiabank set a $50.00 target price on shares of Hess and gave the company a buy rating in a research report on Friday, November 17th. Morgan Stanley restated an equal weight rating on shares of Hess in a research report on Saturday, September 16th. Finally, BMO Capital Markets set a $45.00 target price on shares of Hess and gave the company a hold rating in a research report on Friday, November 17th. Five research analysts have rated the stock with a sell rating, eight have assigned a hold rating and eight have issued a buy rating to the company’s stock. The stock presently has an average rating of Hold and an average price target of $52.40.

Hess (NYSE:HES) opened at $50.59 on Monday. The stock has a market cap of $16,080.00, a PE ratio of -2.51 and a beta of 1.77. The company has a current ratio of 1.84, a quick ratio of 1.68 and a debt-to-equity ratio of 0.46. Hess has a 52-week low of $37.25 and a 52-week high of $55.48.

In related news, COO Gregory P. Hill sold 7,400 shares of the stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $44.62, for a total transaction of $330,188.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 11.80% of the stock is currently owned by corporate insiders.

Several institutional investors and hedge funds have recently modified their holdings of HES. Federated Investors Inc. PA grew its stake in shares of Hess by 287.9% during the 2nd quarter. Federated Investors Inc. PA now owns 5,148 shares of the oil and gas producer’s stock worth $226,000 after acquiring an additional 3,821 shares in the last quarter. Pacer Advisors Inc. grew its stake in shares of Hess by 8.2% during the 2nd quarter. Pacer Advisors Inc. now owns 6,461 shares of the oil and gas producer’s stock worth $283,000 after acquiring an additional 490 shares in the last quarter. Oppenheimer & Co. Inc. grew its stake in shares of Hess by 13.2% during the 2nd quarter. Oppenheimer & Co. Inc. now owns 12,067 shares of the oil and gas producer’s stock worth $529,000 after acquiring an additional 1,411 shares in the last quarter. Oppenheimer Asset Management Inc. grew its stake in shares of Hess by 7.3% during the 2nd quarter. Oppenheimer Asset Management Inc. now owns 2,464 shares of the oil and gas producer’s stock worth $108,000 after acquiring an additional 167 shares in the last quarter. Finally, State of Tennessee Treasury Department grew its stake in shares of Hess by 0.6% during the 2nd quarter. State of Tennessee Treasury Department now owns 73,910 shares of the oil and gas producer’s stock worth $3,242,000 after acquiring an additional 432 shares in the last quarter. 90.03% of the stock is owned by institutional investors.

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Hess Company Profile

Hess Corporation is an exploration and production company. The Company is engaged in exploration, development, production, transportation, purchase and sale of crude oil, natural gas liquids (NGL) and natural gas. The Company’s segments include Exploration and Production, and Bakken Midstream. Its Exploration and Production segment explores for, develops, produces, purchases and sells crude oil, NGLs and natural gas with production operations primarily in the United States, Denmark, the Malaysia/Thailand Joint Development Area (JDA), Malaysia and Norway.

Analyst Recommendations for Hess (NYSE:HES)

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